Mount Attitash Sample Clauses

Mount Attitash. On the Closing Date, if the Pay-Off Amount equals or equals or exceeds the Mount Attitash Release Threshold, all liens and security interests in favor of any EPR Parties encumbering or affecting the property commonly known as “Mount Attitash” and any tangible or intangible property or rights related thereto or used in connection therewith shall be released by EPR, the EPR Parties will cause the Mount Attitash Release Documents to be executed and delivered to the Peak Parties and the Peak Parties shall be authorized to record any such documents as necessary or appropriate to evidence of record the release and termination of such liens and security interests. In the event the Pay-Off Amount does not equal or exceed the Mount Attitash Release Threshold, then in such event (A) the Boston ▇▇▇▇▇ / Brandywine Note to be executed hereunder shall be increased by the amount by which the Pay-Off Amount falls short of the Mount Attitash Release Threshold, without duplication of any amounts that are added to the Boston ▇▇▇▇▇ / Brandywine Note pursuant to other clauses of this Section 2(f), and (B) within ten (10) business days after the Closing Date or such later date as the Parties shall mutually agree, (1) the Parties shall cause to be executed and delivered such instruments and documents necessary to effectuate an amendment to the Mount Attitash Security Documents so that the Mount Attitash Security Documents shall secure repayment of the Notes and all obligations of any of the Peak Parties under the Master Transaction Documents, and (2) the Peak Parties shall also in such event provide any required legal opinions reasonably required by the EPR Parties in connection with such amendment, together with a date-down endorsement to the Mount Attitash Title Policy in form and content reasonably acceptable to the EPR Parties.
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Related to Mount Attitash

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